Please Wait.....
Report
India Micro Batteries - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 110 Pages I Mordor Intelligence
The India Micro Batteries Market size is estimated at USD 27.79 million in 2025, and is expected to reach USD 61.15 million by 2030, at a CAGR of 17.09% during the forecast period (2025-2030).
Key Highlights
- Over the medium term, factors such as declining prices of lithium-ion batteries and a surge in micro battery applications are likely to drive India's micro battery market during the forecast period.
- On the other hand, the demand-supply mismatch of raw materials, like lithium, will likely hinder the growth of the Indian micro battery market during the forecast period.
- However, the rising use of micro batteries in the consumer electronics industry and technological advancements in new battery technologies to store energy will likely create lucrative growth opportunities for the Indian micro battery market during the forecast period.
India Micro Batteries Market Trends
Declining Cost Of Lithium Ion Battery Drive the Market
- Lithium-ion batteries have traditionally been used mainly in consumer electronic devices like mobile phones and PCs. Lithium-ion batteries are gaining more popularity than other battery types due to their favorable capacity-to-weight ratio. Other factors boosting its adoption include better performance, better shelf life, and a decreasing price.
- Lithium-ion battery manufacturers are focusing on reducing the cost of Lithium-ion batteries. The price of lithium-ion batteries declined steeply over the past 10 years. In 2023, an average lithium-ion battery was valued at around USD 139 per kWh. It witnessed a decrease in the price of more than 82.17% in 2023 compared to 2010.
- The two principal reasons for the drastic cost decline are the steady improvement of battery performance achieved through sustained R&D aimed at improving battery materials, reducing the amount of non-active materials and the cost of materials, improving cell design and production yield, and increasing production speed.
- As a result of increased production volume, economies of scale were achieved in lithium-ion battery manufacturing. These significant capacity additions also resulted in more competition among manufacturers, further reducing prices at the expense of manufacturers' profitability.
- BloombergNEF anticipates that battery costs will decline again in 2024 as more extraction and refinery capacity becomes operational and lithium prices begin to ease. According to BNEF's 2022 Battery Price Survey, by 2026, the average pack price is expected to drop below USD 100/kWh.
- The country imports the majority of lithium from China and aims to decrease its reliance in the future. The country is focused on exploring domestic minerals to meet the increasing demand from numerous applications.
- For instance, in February 2023, the Geological Survey of India (GSI) discovered lithium reserves of about 5.9 million tonnes in the Salal-Haimana area of the Reasi district of Jammu and Kashmir for the first time. Lithium is a non-ferrous metal and is one of the critical components in micro batteries. These discoveries help countries fulfill the increased demand for micro batteries across the region during the forecast period.
- Therefore, owing to the above factors, the declining cost of lithium-ion batteries is expected to drive the market during the forecast period.
The Consumer Electronics Segment to Dominate the Market
- Portable consumer electronic applications become more popular as the size of electronic components continually reduces and processing power increases. These new electronic devices require sophisticated and lightweight battery packs. The availability of ever-smaller micro batteries has increased the demand for energy-efficient appliances. The rapid proliferation of lithium batteries has increased their use in portable and handheld electronic devices.
- Lithium-ion micro batteries are increasingly used in consumer electronics such as smartphones, laptops, tablets, cameras, clocks, watches, remote controls, and portable gaming devices due to their high energy density, longer lifespan, and low self-discharge rate.
- The increasing consumption of smartphones and laptops across India in the past few years has aided the demand for micro batteries used in smartphones and headphones. As of January 2024, the Indian smartphone market was significant after China, reaching 144-145 million shipments in 2023. The development significantly boosts India's "Make in India" initiative, as government and industry sources revealed mobile phone exports worth USD 5.5 billion during the April-August period of the 2023-2024 fiscal year. This marks a substantial increase compared to the USD 3 billion recorded during the same period in FY22-23.
- India is on track to surpass USD 14.4 billion in mobile phone exports in the current fiscal year 2024-2025. The emergence of 5G technology is also expected to boost smartphone demand.
- According to the Central Electricity Authority (CEA), in 2023, consumer electronics sales in India were USD 70 billion, an increase of 7.7%% compared to 2022. The number will likely increase significantly as the demand for electronics products rises exponentially in the region.
- Additionally, the trend toward miniaturization and lightweight designs in consumer electronics has further propelled the adoption of lithium-ion batteries, as they allow for slimmer and more compact device form factors without compromising performance.
- Therefore, the consumer electronics segment battery is expected to drive the Indian micro battery market during the forecast period.
India Micro Batteries Industry Overview
The Indian micro batteries market is fragmented. Some of the major players in the market (in no particular order) include Duracell Inc., Panasonic Energy Co. Ltd, Indo National Limited, Energizer Holdings Inc., and Eveready Industries India Ltd.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Surge in Micro Battery Applications
4.5.1.2 Declining Cost Of Lithium-ion Batteries
4.5.2 Restraints
4.5.2.1 Demand-supply Mismatch Of Raw Materials
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Battery Technology
5.1.1 Alkaline
5.1.2 Lithium-ion
5.1.3 Other Battery Technologies
5.2 Application
5.2.1 Automotive
5.2.2 Watches
5.2.3 Medical Devices
5.2.4 Consumer Electronics
5.2.5 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Duracell Inc.
6.3.2 Panasonic Energy Co. Ltd
6.3.3 Renata Battery
6.3.4 Indo National Ltd
6.3.5 Murata Manufacturing Co. Ltd
6.3.6 Maxell Ltd
6.3.7 Energizer Holdings Inc.
6.3.8 Eveready Industries India Ltd
6.3.9 VARTA Microbattery
6.3.10 Sony Corporation
6.4 List of Other Prominent Companies
6.5 Market Ranking/Share Analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Need for Efficient Micro Batteries in the Consumer Electronics Industry
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security